Inside the Great Ethanol Debate

The video discusses Renewable Identification Numbers (RINs) and their role in the ethanol and gasoline market. It highlights the criticism from Carl Icahn, a prominent figure who argues for policy reform. Todd Becker, CEO of an ethanol company, provides his perspective, emphasizing the complexity of the policies. Icahn's response suggests a need for reform to prevent economic instability, with hints of support from others in the administration. The discussion covers the potential impacts on the industry and the broader economic implications.

How does Carl Icahn suggest the ethanol industry should respond to the criticisms of the renewable fuel standard?

What are the potential economic implications mentioned regarding the closure of a refinery?